Kathmandu, Oct. 8: The Centre for Self-Help Development
(CSD), a pioneer microfinance institution of Nepal, has planned to award the
microfinance institutions which produce micro-entrepreneurs.
Speaking at the organisation’s 26th Annual
General meeting, CSD chairman Shankar Man Shrestha said that the Centre had
formed a sub-committee of experts to conduct the evaluation for the
‘Microfinance Entrepreneurship Award’ that would be
presented to the member organisation that has produced the best
micro-entrepreneurs from among their members.
He said that the CSD would undertake a research and impact
study on topics related to microfinance.
In the current fiscal year the CSD will organise a number of
training programmes, workshops and conferences to enhance the capacity of
microfinance institutions and their employees, said Shrestha.
According to him, although microfinance has achieved an
immense success over the years and currently serves over two million families,
the service providers are drifting from the true objective and mission of
microfinance and are involved in unhealthy competition which inadvertently
affects the quality of microfinance services.
He urged the MFIs to be alert and aware of the repercussion
that could result in.
The CSD is also planning to publish a country report on the
state of microfinance.
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